BonTerra Acquires Long Lake Claims, Stewart, BC
17 Septembre 2009 - 2:30PM
Marketwired
BonTerra Resources Inc. (TSX-V: BTR) (the "Company" or "BTR") is
pleased to announce that it has acquired 100% interest in the Long
Lake claims. The Claims are 3 km from Decade Resources Ltd. Red
Cliff project in northwestern British Columbia.
http://www.bonterraresources.com/BCCLAIMS111609.pdf The road
accessible property, approximately 433 ha. in size, is located
adjacent to Long Lake, 22 km north of Stewart.
The Long Lake property is underlain by rocks of the middle
Jurassic Hazelton Group, the main host for significant precious and
base metal deposits in the Stewart Camp including the Silbak
Premier, Big Missouri, Silver Coin, Sulphurets, Red Mountain and
Eskay Creek deposits. The property contains six known BC Geological
Survey Minfile occurrences (see map). The Spider 3 showing was
explored with underground workings dating back to the 1920s. The
remaining occurrences were discovered in the 1950s and have been
explored intermittently since that time, including mapping and
sampling, trenching, geophysical surveys and local drilling. The
occurrences include mainly veins and replacement style
mineralization with silver-gold-zinc-lead values along a
northwesterly trend. Decade's Red Cliff occurrence, currently being
drilled, occurs in similar rocks, 5 km to the southeast, while the
past producing Big Missouri Mine occurs 4 km to the southwest.
BonTerra's acquisition costs are a total of $32,000 and two
million shares payable on exchange approval. The property is
subject to a 2-per-cent net smelter return royalty, of which
one-half (1 per cent) may be purchased back for $1-million.
The company will be paying a finders fee on this transaction and
will be subject to a hold period as required by applicable
securities laws.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Gerald G. Carlson, P. Eng., a qualified person.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam
Mitchell Adam
President, Director
This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance of BonTerra such as the statement that: (i) the closing
of the transaction may occur; and (ii) the combination creates the
opportunity to develop a sustainable and profitable mining
operation within a low-risk political jurisdiction. There are
numerous risks and uncertainties that could cause actual results
and BonTerra's plans and objectives to differ materially from those
expressed in the forward-looking information, including (i) the
inability to close the transaction for any reason; (ii) the
inability to close the financing; (iii) the inability to obtain
exchange approval (iv) a continued downturn in general economic
conditions; (v) decreased demand for minerals and lower mineral
prices; (vi) the inherent uncertainties and speculative nature
associated with mineral exploration; (vii) any number of events or
causes which may delay or cease exploration and development of
BonTerra's property interests; (viii) the risk that BonTerra does
not execute its business plan; (ix) inability to finance operations
and growth; and (x) other factors beyond BonTerra's control. Actual
results and future events could differ materially from those
anticipated in such information. These and all subsequent written
and oral forward-looking information are based on estimates and
opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice. Except as required by
law, BonTerra assumes no obligation to update forward-looking
information should circumstances or management's estimates or
opinions change.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information contact: Mitchell Adam
mitchellgadam@shaw.ca www.bonterraresources.com Tel: (604)
669-9330
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